Louis | るい (@toclvm) header
Louis | るい (@toclvm) profile picture

Partner at Antares Ventures investing in hard tech across the globe

Singapore
Joined August 2015
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Louis | るい retweeted
with Blender 5.3 gaussian splat support, we are one step closer to realizing an insane one-of-a-kind world model workflow
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Louis | るい retweeted
crazy thing i found out about japan while researching my next video: Japan's main index, the nikkei, is raw price weighted. so Company X with $100B in market cap but has 10B shares means each share is worth $10. on the other side, Company Y worth $1B but only has 10M shares outstanding will have a share price of $100B. because of this, Company Y would have 10X the weighting in the Nikkei as Company X, DESPITE the fact that Company X is worth 100X MORE. that's why companies you've never heard of (like advantest, a firm that makes microchip testing devices) has 14X the weighting as Toyota, who does $325 BILLION more in sales. That's why the Nikkei just entered a technical bear market on Friday- not because Toyota is down, but because AI names like advantest are. xitter.gq/WatcherGuru/status/211…
JUST IN: 🇯🇵 Japan's Nikkei 225 officially enters bear market as stock market crashes.
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Louis | るい retweeted
12 years ago I founded Boom, as a software engineer doing hardware for the first time. I’m probably the least handy founder in hard tech. My 12 y/o son does my soldering and 3D printing for home projects, and I’ve struggled with imposter syndrome the whole way through. What business does a software guy have building supersonic jets and turbines? More than a decade in, the most insane realization is that software is the key to reaccelerating hardware engineering. But in a way that I don’t think is widely understood or implemented, even in the burgeoning hard tech community. Most hardware engineering is actually software engineering in disguise. It’s spreadsheet “code,” engineering calculations done as one-offs. Eg wing structural loads in, spar sizing design out. Thermal loads in, air conditioning system sizing out. Everything is a calculation, and calculation is software. But these calculations are done essentially by hand, as if we are doing arithmetic but have not yet discovered algebra. Hardware engineers have baby software, built in spreadsheets, the kind of crappy software I wrote as a kid before I understood architecture, unit tests, APIs, version control, and everything else that makes modern software good. Our airplanes and engines are built with the software sophistication of a script kiddie. So what we tell our engineers: don’t design the hardware, design the *algorithm* for designing the hardware. And take the algorithm seriously—as an algorithm and as a first-class engineered software system. Never design a piece of hardware, such that you couldn’t redesign it tomorrow with a different set of assumptions. This all sounds obvious, yet our experience at Boom is that it changes everything. Ten years ago we couldn’t afford to build much software. We had a small team—and there were few software engineers with the curiosity, brilliance, and vision required to learn hardware engineering. But now AI changes the equation. Now everyone can code. The software engineers define the architecture. The hardware people bring the physics and engineering know-how. We have a turbomachinery design tool that lets one engineer do in realtime what previously took 100 engineers six months. Another tool auto-generates 65% of entire aircraft structure. I’m sure we’ll figure out the other 35% too. Eventually these should not be multiple tools, but one integrated physics model of a complete vehicle, airframe and powertrain. The results speak for themselves. A boomless supersonic airplane built by 50. A full scale supersonic turbine made by 150. And with this approach, I don’t think we’ll need that many more people to build and certify a supersonic airliner. You don’t need a big team to build big things—not when everyone on the team is a software engineer.
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Louis | るい retweeted
China puts data centers in Malaysia to get access to compute they can't get in China due to sanctions. The US puts data centers in Malaysia because every state bans data centers. AGI happens. Malaysia nationalizes all the data centers and becomes the sole hegemon of the world.
JUST IN: Google to invest $15 billion in Malaysia data centers
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グロース市場の上場要件である500単位以上の公募を満たすために最低限の公募をしている理解(つまり不要な公募)。IPOのプライシングに機関投資家の関与が必要(主幹事によっては、一定の機関投資家需要を求める)なので、親引けでそれをサポートできているとは言えるかも。
不勉強なので質問なんだが、こう言う時に親びけした投資家って、用はアーリーのVCと起業家のEXITをサポートしただけで、「IPO後の中長期の成長投資」云々てのは綺麗事?公募規模もIPOコストの補填な感じにしか見えないが、どうなんだ? 良いとか悪いとかという話ではなく理解したく
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Louis | るい retweeted
a childish but correct way to think about the asset management business is you’re getting paid to increase unnecessary complexity around the main thing (owning lots of a consequential business) because just doing the main thing is terrifying difficult and singular. smart here.
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Louis | るい retweeted
Trump failed at regime change in Iran but he succeeded in Texas
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Louis | るい retweeted
Absolutely brutal liquidity data on private capital… 25% of Venture Capital funds take over 18 years to fully liquidate Average time to fully liquidate for PE funds is now 14 years. Only 12% liquidate within a decade.
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Louis | るい retweeted
Excellent comment on this FT article about the Binance hack ft.com/content/1d4dd7b2-9dee…
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衛星データとAIで、コンゴ民主共和国の鉱業分野の透明性とレジリエンス向上へ。 SolafuneはUNIDO東京事務所、コンゴ国家地質調査所(SGNC)と連携し、鉱山活動の把握、掘削量の推定、今後調査すべき地域の絞り込みに取り組んでいます。#衛星データ #AI 詳しくは: itpo-tokyo.unido.org/outcome…
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Louis | るい retweeted
For Emerging GPs: If you are talking to wealth advisor firms or large institutions, it's less about talking about how small VC firms can have an extreme right tail outcome. Of course thats true. The thing you need to show is 1) Why you won't present career risk for them 2) How you will allow them to scale over time (sidecars, co-investments, future funds), and 3) Why you are committed to building a firm. You cannot just focus on "Small is better", "We are unique". If you don't understand the buyer incentives, it won't matter.
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Louis | るい retweeted
Just a timely reminder, before you rush to buy the Anthropic IPO, that out of the 20 largest public offerings since 2010, the average drawdown was 60% in their first 12 months.
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BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion. The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH. If confirmed, this would mark the biggest hack in crypto history. We expect more information shortly.
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Louis | るい retweeted
Every time I hear "10 sigma" event...
BREAKING: Brazil's -19.8% stock market crash on Monday was one of the rarest market events in the last two decades, according to our analysis. Brazil's EWZ ETF plunged -19.8% on October 26th, marking an 8.4 standard deviation move. For context, the ETF's average daily move over the last 20 years has been just +0.04%, with a standard deviation of 2.36%. Under a normal distribution, the probability of a decline this extreme is approximately 1 in 58 quadrillion. In other words, this event should be virtually impossible under conventional statistical models. What just happened in Brazil was *almost* impossible.
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1歩前に進めば文明は大きく進む。 15年前、初めて中国に来た時に見かけましたが、今も現役。 このキャッチコピーを考えた人、天才やと思ってます。
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Louis | るい retweeted
撮影した6歳に「なに考えてたの?」を文字にしてもらった。
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Louis | るい retweeted
Meme Summary of the Anthropic S-1 🥹🌳🙏
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Louis | るい retweeted
The most mind blowing stat we've seen so far is this: "As of June 30, 2026, we had raised an aggregate of $141.1 billion of capital and had cash and cash equivalents of $112.4 billion and short-term investments of $19.3 billion." That means to date, they have burned 9.7b, they are growing at a rapid pace, and are profitable on an operating income basis as of the June quarter! This is likely the most efficient scaling of a business in the history of capitalism. xitter.gq/AnthropicAI/status/211…
Anthropic has filed an S-1 registration statement with the SEC related to its proposed IPO. Read more: anthropic.com/news/s1-sec Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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Louis | るい retweeted
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